The ZAR Exchange Rate Thread

[gregmcc]

Pound almost 24!

 

[Drifter]

Price % Change
Rand/$ 15.63 -2,47%
Rand/£ 23.68 -2,37%
Rand/€ 17.11 -2,5%

 

[flippakitten]

When we hit $16 about 2 hours after the London SE opened. Let's see what happens at 4:30pm today when the NYSE opens. If you look at the timescales over the last 3 days, wouldn't be surprised if we hit R20 to the USD.

 

[Priapus]

I'm wondering if this is temp and it will return to pre-Nene-sacking, levels?

 

[Sinbad]

I'm wondering if this is temp and it will return to pre-Nene-sacking, levels?

Nope, not unless the new minister displays a really unexpected ability to say no to Zuma and his fvckbuddies.

 

[Priapus]

Nope, not unless the new minister displays a really unexpected ability to say no to Zuma and his fvckbuddies.

I guess if that SAA deal goes through now, the motivations behind Nene's sacking will be as clear as day. Do we know what Van Rooyen's first big test is?

 

[Sinbad]

I guess if that SAA deal goes through now, the motivations behind Nene's sacking will be as clear as day. Do we know what Van Rooyen's first bug test is?

His first speech, which sent the rand plummeting already.

 

[Ho3n3r]

Nope, not unless the new minister displays a really unexpected ability to say no to Zuma and his fvckbuddies.

Which would be the opposite of the reason he was appointed for.

 

[Priapus]

I'm wondering if I need to cut my stay in the UK short... It'll be 24 to the Pound soon.

 

[Seriously]

Nope, not unless the new minister displays a really unexpected ability to say no to Zuma and his fvckbuddies.

Who would then follow Nenes suit. The brainless despot Zuma can do as he pleases. All he needs is unopposed access to the treasury so he can bail out all his interests like SAA, Eskom, Nkandla, Nuclear and other corrupt deals. Until there is nothing, no money left and no loans like in Zim. Where do the South Africans flock to then? Botswana or Namibia?

 

[Garson007]

I'm wondering if I need to cut my stay in the UK short... It'll be 24 to the Pound soon.

I'm thinking of cutting my stay in South Africa short. 28 years is enough I think. Time to consider if anyone out there is willing to give me a chance.

 

[Priapus]

I'm thinking of cutting my stay in South Africa short. 28 years is enough I think. Time to consider if anyone out there is willing to give me a chance.

It's not time to leave SA just yet.

 

[bekdik]

Nope, not unless the new minister displays a really unexpected ability to say no to Zuma and his fvckbuddies.

Even that wouldn't change investor sentiment. President's precedent still stands.

 

[OrbitalDawn]

It's not time to leave SA just yet.

The frog in boiling water analogy metaphor to mind...

 

[Priapus]

The frog in boiling water analogy metaphor to mind...

I'm aware of the anecdote. I believe I referenced it yesterday on these very forums regarding this very subject. I still think it isn't time to leave SA. The turning point for me is 2019.

 

[Gtx Gaming]

I'm aware of the anecdote. I believe I referenced it yesterday on these very forums regarding this very subject. I still think it isn't time to leave SA. The turning point for me is 2019.

Yep not time to leave yet . Just move your money offshore so long ,in case you want to leave.

 

[Priapus]

Yep not time to leave yet . Just move your money offshore so long ,in case you want to leave.

Doing exactly that. Putting as much as I can in a UK bank account.

 

[FlashSA]

Banks are taking a hammering again. This includes Sanlam etc. Our pensions and RA's are being watered down

If this continues, we'll see an interest rate hike before xmas to try and calm things down - per analysts

 

[Frankie_Yale]

would you leave already.

 

[d0b33]

[video=youtube_share;beImDkPPc1M]http://youtu.be/beImDkPPc1M?t=3m21s[/video]